Richard Maybury notes that Washington's military activity overseas seems designed to decrease peace and prosperity and increase hatred against the United States. That would certainly be consistent with the message James Perloff has been providing on this show. But Richard shares some time-proven ways for Americans to turn that increased hostility into profits.

Meantime, Michael Oliver has been doing some very interesting and important work in tracking the biggest bubble in the world, namely the sovereign debt markets. His structural momentum work looks ominously similar to the pre-1987 crash when the bond vigilantes rendered the Fed impotent. What will happen to stocks, real estate and precious metals if market forces continue to drive interest rates much higher?